There was a meeting with six people, three of whom, we know, one was admiral... one was with a treasury representative of the United States and one other was, Judy Shelton...What was transmitted was that the there would be a contract rate. I think the contract rate really only applies to the dinar and it's quite healthy, really very strong.
And then the other currencies, they use the term of special rates, which means I think they're going to be a little bit flexible on some of the other currencies, not all but some - But also, it's going to be great for us.So that’s exciting...The other major thing...was that we should receive our notifications between tomorrow [Friday] and Monday and exchanges between...sometime between tomorrow [Friday] and Monday... I think we're lined up and ready to start.
Mawazine News – Baghdad Despite the Iraqi government announcing the end of the first round of bilateral discussions to end the mission of foreign forces, the American envoy to the international coalition announced that there is no plan for an imminent withdrawal from the country.
The military spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasool, announced an agreement to formulate a timetable “for a studied and gradual reduction, leading to the end of the international coalition’s mission to fight ISIS in Iraq.”
Ian McCarry said, in an interview with Al-Hurra TV, that “there are no imminent plans for withdrawal,” noting that “Iraq is a founding country of the international coalition and plays a leadership role in it.”
The American official confirmed that “there are bilateral discussions with Iraq in order to establish a permanent framework for security cooperation between the two countries,” without referring to withdrawal.
Makari revealed that “there are ongoing discussions to convince Iraq of the necessity of continuing the coalition,” adding that “in general, there is a common vision between the two parties regarding the necessity of continuing the campaign against ISIS.”
Makari stressed that “the coalition forces provide technical cooperation with the Iraqis and the role of the coalition in Iraq is a supportive one,” noting that “the Iraqi forces have very advanced capabilities in fighting the organization’s elements.”
Regarding the presence of ISIS in the Middle East and the Iranian role, he said that the coalition forces would defend themselves if they were attacked by Tehran’s agents, and accused them of playing “a very negative role in the region.”
With the decline of the ISIS threat, mutual attacks between the armed factions allied with Iran and the American forces stationed increased, before the existing truce, even with the Nujaba Movement announcing that it was in a state of “repositioning.”
Last week, the Supreme Iraqi Military Committee resumed its meetings with the international coalition forces in Baghdad with the aim of “assessing the military situation, the level of danger, the operational environment, and the capabilities of the Iraqi armed forces.”
Although the Iraqi Prime Minister was informing the Western officials he met during the past two months that his country was seeking to end the presence of the international coalition, Washington spoke at the same time of a “permanent bilateral security partnership.”
There are about 2,500 American soldiers in Iraq, while about 900 American soldiers are deployed in Syria, within the framework of the international coalition launched by Washington in 2014.
"Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance."
Do you remember a couple of months ago when we spoke of several global stablecoins that were being tested inside a sandbox with Hong Kong?
They are telling us that Hong Kong is in process of moving past the consultation process and ready to move into the implementation phase. This is the phase of regulatory development inside Global use case scenarios.
The e-HKD digital version of the Hong Kong dollar completed its first pilot testing phase in October 2023. Now, Hong Kong is telling us that they are moving into the retail sector. This will include programmable payments, offline payments, and tokenized deposits. Coin Speaker
The economist, Safwan Qusay, expected today, Saturday, the dollar difference in Iraq to recede and return to the official price after a series of financial and economic measures taken by the government of Mohammed Shia’ Al-Sudani.
Safwan said {Al-Furates News} that: “The mechanisms of the central bank previously did not know who is asking for dollars from the irregular market, and after legitimizing the financial transfer process, the demand for the dollar in the irregular market began to enter the electronic platform.”
“Gradually with the adjustment of border crossings and facilitating the task of demand, I think the difference will recede and return to the official price,” he added.
“The Central Bank is now investing in spreading financial inclusion and investment by Iraqi banks and deploying (POS) at the sector and private level,” Qusay said, stressing that “all government units are currently required to issue credit cards and that procurement committees buy from their economic units (POS).”
He explained, “Controlling the movement of the dinar and knowing where it comes from and where it moves will help in commercial regulation and enhances increasing the level of international investor confidence in financial procedures, as we have the file of money laundering and terrorist financing and currently with the expansion of the circle of financial inclusion, we will be able to where the dinar goes.”
He concluded by ruling, “The existence of 70 trillion Iraqi dinars outside the banking system, and when it enters this system, it will turn into a productive dinar, which is what the Sudanese government seeks to achieve.”
The Central Bank of Iraq, according to its sales table, determined the cash sale price (1305) dinars per dollar.
They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar...
Iraq is going to have a lot of inflows. They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.
How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer?...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023? ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...